Nykredit A S Acquires New Holdings in Capital One Financial Corporation $COF

Nykredit A S acquired a new position in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, HoldingsChannel reports. The fund acquired 171,519 shares of the financial services provider’s stock, valued at approximately $34,410,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Capital One Financial during the 4th quarter worth approximately $2,089,803,000. Bank of America Corp DE acquired a new stake in shares of Capital One Financial in the 2nd quarter valued at about $1,435,311,000. Legal & General Group Plc bought a new stake in Capital One Financial in the 2nd quarter valued at about $680,983,000. Berkshire Hathaway Inc bought a new stake in Capital One Financial in the 2nd quarter valued at about $601,860,000. Finally, Canada Pension Plan Investment Board acquired a new position in Capital One Financial during the 2nd quarter worth approximately $482,718,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on COF. Barclays decreased their price target on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. Weiss Ratings upgraded shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Bank of America decreased their price objective on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, BTIG Research boosted their target price on Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Twenty-one research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.91.

Capital One Financial Trading Down 0.1%

Shares of Capital One Financial stock opened at $201.91 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The firm has a market cap of $123.87 billion, a PE ratio of 12.49, a PEG ratio of 0.74 and a beta of 1.02. The company has a 50 day simple moving average of $213.03 and a two-hundred day simple moving average of $198.39.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. The company had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter last year, the firm earned $5.48 EPS. Analysts expect that Capital One Financial Corporation will post 20.3 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a $0.80 dividend. The ex-dividend date was Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial’s dividend payout ratio is 19.80%.

Insider Buying and Selling at Capital One Financial

In related news, insider Lia Dean sold 2,193 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the sale, the insider owned 63,261 shares in the company, valued at $14,266,620.72. This represents a 3.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the transaction, the insider owned 27,992 shares of the company’s stock, valued at $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 33,850 shares of company stock valued at $7,208,382. Company insiders own 0.78% of the company’s stock.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.